SFGTV: San Francisco Government Television
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Nov 24, 2012
11/12
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the once needed the deficit because the cash flow will be positive. and we could potentially not sell the debt out to 20467 2047 and could just have it mature to 2045. and that would require the sf travel to continue to fund the stablization fund throughout the term of the debt. but because we are far out. we have another four or five more years to go. we thought that it was safe to use an assumed interest rate of 6 percent so we can see what the scenarios or what scenarios would result. in addition the ssand the e would be funded from the assessments and not the proceeds from the cods. and the way that we have structured this is the city would collect, we would receive and we would fund that service and all of the buckets that we are proposing here and then the tickets sent over to the med. the idea is that it becomes a lock box that is more secure rather than sending it to them and bringing it back to make those payments. >> just a quick question, how does i guess the two things that i do want to ask in the amendment that we see is the stablization
the once needed the deficit because the cash flow will be positive. and we could potentially not sell the debt out to 20467 2047 and could just have it mature to 2045. and that would require the sf travel to continue to fund the stablization fund throughout the term of the debt. but because we are far out. we have another four or five more years to go. we thought that it was safe to use an assumed interest rate of 6 percent so we can see what the scenarios or what scenarios would result. in...
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Nov 27, 2012
11/12
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CURRENT
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the wealthy did not contribute one nickel toward deficit reduction. i think now is the time where the democrats and the president have got to stand firm and say excuse me, the middle class is hurting in this terrible recession. the number of people who are in poverty is at an all-time high. we are not going to balance the budget on the backs of the most vulnerable and wealthy and large corporations are going to have to start paying their fair share of taxes. >> eliot: senator, not only do i agree with you i love to hear you state it with the clarity you always do. there is still unbelievable ambiguity with what the republicans are willing to do. there are basically three ideas around. one you can you would cap the amount any one person could make in deductions. close loopholes and three raise marginal rates. the third i gather is what you think we should do. >> i have not heard any republican is in favor of the latter. i think it's kind of mushy, and revenue is a big word. you can have reaction near ways of raising revenue. to my point the president c
the wealthy did not contribute one nickel toward deficit reduction. i think now is the time where the democrats and the president have got to stand firm and say excuse me, the middle class is hurting in this terrible recession. the number of people who are in poverty is at an all-time high. we are not going to balance the budget on the backs of the most vulnerable and wealthy and large corporations are going to have to start paying their fair share of taxes. >> eliot: senator, not only do...
SFGTV: San Francisco Government Television
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77
Nov 24, 2012
11/12
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SFGTV
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and in doing that, we will realize in circumstances where we will have the deficits where the general fund will have additional dollars. so we are proposing that in the event that occurs, that if we continue to collect the revenue more than we need for that service, we would fund that med assessments will repay the city for those deficits. the next one is the stabilization fund, we know which hotel and revenues that are volatile, so the city negotiater will travel that will fund a stablization fund for future losses in all losses in revenues. and the amounts of $15 million and the goal is that as we move that portion of that $15 million it gets replenished and
and in doing that, we will realize in circumstances where we will have the deficits where the general fund will have additional dollars. so we are proposing that in the event that occurs, that if we continue to collect the revenue more than we need for that service, we would fund that med assessments will repay the city for those deficits. the next one is the stabilization fund, we know which hotel and revenues that are volatile, so the city negotiater will travel that will fund a stablization...
SFGTV: San Francisco Government Television
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88
Nov 23, 2012
11/12
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SFGTV
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we have a continuing budget deficit. so it's difficult to convey the concern that we have about the fact that we have $24-30 million in the next two years as a structural imbalance between our revenues and expenses. so this reserve it is true, we do have in excess of the 2% reserves that we are required to forestall state intervention. at the moment that is not going to be the case unless we make additional expenditure cuts. in that context it becomes challengeing to set aside additional funds on the spot. but in the future we have to invest in funds of a-g priority going forward. >> thank you, i think that the question is still outstanding about why the school district couldn't use the reserves. i understand the multi-year problem you face. i think that many jurisdictions do as well. but it feels not quite right that the school district is not putting in money to solve the problem, if the priority is there. and i am not hearing an answer as to why that can't be done. >> as i said, we can provide you a full report of inv
we have a continuing budget deficit. so it's difficult to convey the concern that we have about the fact that we have $24-30 million in the next two years as a structural imbalance between our revenues and expenses. so this reserve it is true, we do have in excess of the 2% reserves that we are required to forestall state intervention. at the moment that is not going to be the case unless we make additional expenditure cuts. in that context it becomes challengeing to set aside additional funds...
problems because the deficit problems are endemic. the start of the federal government.
SFGTV: San Francisco Government Television
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Nov 21, 2012
11/12
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problems because the deficit problems are endemic. the start of the federal government. it starts with a policy of war. does not come from cabdrivers. what you are doing would have little effect of the budget robin; it will have a devastating effect on those people. i know this will not have no effect on director heinicke, but i will hope that the rest of you will take about this change your mind about what you have already decided to do. thank you very much. [indiscernible] >> hi i am barry [indiscernible] i don't have a whole lot to say because i have already been saying it, and people have been saying the same thing. cabdrivers are some of the lowest paid people here; they may have busy nights, the ones who work the good shifts might make some money but the others have to work this slow shifts; they make around 25,000 here, they stay in the business hoping to get a medallion, and what you guys are doing is taking the money that a career cabdrivers look forward to, they don't get any benefits, they don't get employee protection, the
problems because the deficit problems are endemic. the start of the federal government. it starts with a policy of war. does not come from cabdrivers. what you are doing would have little effect of the budget robin; it will have a devastating effect on those people. i know this will not have no effect on director heinicke, but i will hope that the rest of you will take about this change your mind about what you have already decided to do. thank you very much. [indiscernible] >> hi i am...
SFGTV2: San Francisco Government Television
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Nov 28, 2012
11/12
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SFGTV2
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our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was excess. because the money flows in in a regular amounts, when money is good, everybody feels good. when $14 billion came in, they thought they were king of the mountain and spend it. arnold came in to clean it up. a couple years later, he left town and $26 billion this year. this has been the nature for the last decade, kicking the can down the road. not talking straight. the way it is. the way it is, it is a tale of two cities. there is fabulous wealth and link electronics, inc. model number: pdr-885 software version: 3.0c in some places it would be food or shelter or lov
our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was...
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Nov 26, 2012
11/12
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KTVU
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he now has 75 days on deficit reduction and if they don't they have spending cuts that will go into effect january 1st. both parties are ready to compromise. >> the bottom line is we have to get ready as much as possibpresident in the second term -- >> a key sticking point is what to do about taxes and now they want to raise taxes on the wealthy while republicans done while capping certain reductions. >>> police officers can start applying and at 8:00 a.m. they will begin accepting applications for entry level officers. they must be at least 20 years old and have a valid california driver's license or equivalent. the application will start december 7th and starting salary is 88,000 dollars a year. in the city of antioch, we offer a new incentive to apply to its police force and they are set to apply tomorrow to change the formula for transfers for existing officers. he had a pension of 3% of last year's salary times the number of years they worked for the department. he has 14 vacant positions. >>> and car buffs are hitting show rooms next year. they are in san francisco showcasing 39 auto
he now has 75 days on deficit reduction and if they don't they have spending cuts that will go into effect january 1st. both parties are ready to compromise. >> the bottom line is we have to get ready as much as possibpresident in the second term -- >> a key sticking point is what to do about taxes and now they want to raise taxes on the wealthy while republicans done while capping certain reductions. >>> police officers can start applying and at 8:00 a.m. they will begin...
SFGTV: San Francisco Government Television
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Nov 25, 2012
11/12
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SFGTV
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that june hearing and the goal is to encourage production of a range of housing and addressing the deficit of low and very low and moderate income units. small efficiency dwelling units units are not a panacea for the shortage of housing but offered at market rate will satisfy the demand for moderate housing and generate funds for affordable housing through inclusionary fees. i would like to outline recommendations if the proposed ordinance is approved by the board of supervisors. this is to facilitate the open and common space requirements and satisfy the planning code so first the recommendation is that the proposed new planning code sek 318 to define efficiency dwelling units with reduced square footage be removed and that a new residential use category not be introduced into the planning code. rather we recommend that there simply be a reference to the existing and amending building code definition. second we recommend that the new interior common space requirement be a minimum rather than a maximum as proposed. specifically the department recommends a requirement of 10 square feet per
that june hearing and the goal is to encourage production of a range of housing and addressing the deficit of low and very low and moderate income units. small efficiency dwelling units units are not a panacea for the shortage of housing but offered at market rate will satisfy the demand for moderate housing and generate funds for affordable housing through inclusionary fees. i would like to outline recommendations if the proposed ordinance is approved by the board of supervisors. this is to...
SFGTV2: San Francisco Government Television
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Nov 21, 2012
11/12
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SFGTV2
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this year, we're facing another budget deficit of almost $400 million. fortunately in recent years, we have had some ability to do some one-time budgeting tricks that allow us to balance the budget that do not exist this year. in past years, we've received federal stimulus money. we received more monies from the state government. last year our labor unions decided to contribute a quarter of a billion dollars to help balance last year's and this year's budget. those are things we do not have the ability to avail ourselves of us we balance the upcoming budget in a few months. we are faced with far fewer options. i think we are going to have to continue to look at very deep and difficult cuts. our priorities have to be insuring and protecting the most basic city services and helping to ensure that we have services to the most vulnerable during this great recession. >> what about the city's housing needs? what should the board due to address those needs? >> we are a city that is seventh by 7 miles. we have incredible density. we're the densest neighborhoods
this year, we're facing another budget deficit of almost $400 million. fortunately in recent years, we have had some ability to do some one-time budgeting tricks that allow us to balance the budget that do not exist this year. in past years, we've received federal stimulus money. we received more monies from the state government. last year our labor unions decided to contribute a quarter of a billion dollars to help balance last year's and this year's budget. those are things we do not have the...
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Nov 24, 2012
11/12
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KTVU
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cougars of wsu coming back from a 28-10 deficit to wind up winning in overtime. the warriors tipped off up in did denver just a couple of minutes ago. full highlights at 10. >> see you thin. thank you, mark. and -- see you then. thank you mark. and thank you for trusting ktvu news. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get a free wireless receiver with a qualifying u-verse plan. rethink possible.
cougars of wsu coming back from a 28-10 deficit to wind up winning in overtime. the warriors tipped off up in did denver just a couple of minutes ago. full highlights at 10. >> see you thin. thank you, mark. and -- see you then. thank you mark. and thank you for trusting ktvu news. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move...
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Nov 26, 2012
11/12
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KPIX
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. >> reporter: but raising taxes is only one-half of a deficit deal. republicans want democrats to raise the eligibility age for medicare. >> i want entitlement reforms. republicans put revenue on the table, democrats always promise to cut spending. i'm looking for more revenue for entitlement reform before the end of the year. >> reporter: so far democrats sound lex flexible. >> we've got to make sure there is seamless coverage of afordable health coverage for every american. my concern about raising the retirement age gaps in coverage or coverage that's way too expensive for seniors to purchase. >> reporter: there are many potential cliffs but higher taxes for structural changes for medicaid and medicare may be abong the biggest. bob corker argued for both warning everyone against punting this until next year or accepting phony savings that don't solve or at least address the underlying deficit and structural debt problems. charlie and norah? >> let me add my voice, congratulations you on this day enharnting one of the big jobs in journalism. they're
. >> reporter: but raising taxes is only one-half of a deficit deal. republicans want democrats to raise the eligibility age for medicare. >> i want entitlement reforms. republicans put revenue on the table, democrats always promise to cut spending. i'm looking for more revenue for entitlement reform before the end of the year. >> reporter: so far democrats sound lex flexible. >> we've got to make sure there is seamless coverage of afordable health coverage for every...
SFGTV: San Francisco Government Television
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Nov 26, 2012
11/12
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SFGTV
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unfortunate but it does pit youth services and youth programs against this multi-million dollar financial deficit that muni has been experiencing for many years and that's not necessarily fair and is based on an erroneous dichotomy, the case what ed risken was saying. we hope you can keep and open mind and invest in our youth by supporting this program. thank you. you. next speaker. i have a few more cards. i'm going to call them so i've called through all the cards. carl noe, jarron brown, paul slade, walter brown, amelia, and peter louderborn. those are the cards i have. thank you. >> good morning, government and audit oversight committee. waller james, here representing the central city srojp collaborative and all the sro collaboratives around the city and also power, and also mainly the youth. i just have a couple of points that i want to make and just give you guys a small personal story. i remember back in the day like in the 90's, living with my sister, or just being expose to do like children that are in the ghetto, different areas that might not have too much guidance, you wonders why t
unfortunate but it does pit youth services and youth programs against this multi-million dollar financial deficit that muni has been experiencing for many years and that's not necessarily fair and is based on an erroneous dichotomy, the case what ed risken was saying. we hope you can keep and open mind and invest in our youth by supporting this program. thank you. you. next speaker. i have a few more cards. i'm going to call them so i've called through all the cards. carl noe, jarron brown,...
SFGTV: San Francisco Government Television
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Nov 29, 2012
11/12
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SFGTV
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my skepticism is based on the funding needs and deficit and my belief that the funding will come from muni operating money. worry now seeing that's the case, that muni is considering using some of this maintenance money for the free muni program rather than to invest in the system, purchase vehicles, rehabilitate vehicles, and over-wise make the system more reliable. once a free muni pilot program ends there will be enormous pressure to extend the program and that pressure almost certainly will include using more funding using to improve muni's reliant. >> vice president elsbernd: i need to interrupt. we have a overflow room that is open across the the hall in the board chambers. these first two items on muni's performance will take a good 45 minutes to at least an hour. there are folks who are standing, that are here to testify on these items. if you are not here for these items, but are on the other items, we would really appreciate it if you would let those, who are standing, whoer here to testify, have your seats. you can go in the other room. it's on tv. when this item is done yo
my skepticism is based on the funding needs and deficit and my belief that the funding will come from muni operating money. worry now seeing that's the case, that muni is considering using some of this maintenance money for the free muni program rather than to invest in the system, purchase vehicles, rehabilitate vehicles, and over-wise make the system more reliable. once a free muni pilot program ends there will be enormous pressure to extend the program and that pressure almost certainly will...
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Nov 26, 2012
11/12
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KPIX
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closing loop holes and limiting deductions is not enough to make a dent in the nation's $16 trillion deficit. >> you've got to raise additional revenues, including tax rates on the wealthy. those have to go up. they have to go up. >> reporter: but many republicans believe the best way to close the gap is reform entitlement programs like social security and medicare. democrats aren't on board yet. >> my concern about raising that medicare retirement age is there will be gaps in coverage or coverage that's way too expensive for seniors to purchase. >> reporter: and with the fiscal cliff looming, white house economists are warning shoppers concerned about a tax increase pay not spend as much this holiday season. danielle -- nottingham, cbs news. >>> investors are worried the strong start to the holiday shopping season may not last. right now, let's take a look at the dow. it's down nearly 60 points at this hour. >>> something that might help those numbers on wall street, cyber monday. it's expected to be the biggest online shopping day of the year. one data tracking firm predicts online sales w
closing loop holes and limiting deductions is not enough to make a dent in the nation's $16 trillion deficit. >> you've got to raise additional revenues, including tax rates on the wealthy. those have to go up. they have to go up. >> reporter: but many republicans believe the best way to close the gap is reform entitlement programs like social security and medicare. democrats aren't on board yet. >> my concern about raising that medicare retirement age is there will be gaps in...
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Nov 29, 2012
11/12
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KICU
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. >> reporter: also on the hill today with one laugh of the bipartisan team that offered a deficit reduction plan in 2010. >> i'm hopeful but don't put me down anywhere near in optimistic category. >> reporter: >> every week, he spends campaigning for his ideas is a week that we're not solving the problem. it's completely counterproductive. >> reporter: treasury secretary will be on the capitol hill. president obama travels to philadelphia friday to push for an extension of tax cuts for washington families. >> still today, really would. in renewed hopes about am the dows. the -- president obama plans to host this former rival. during this election, victory speech, um remember that the president said to look forward to talking with romney about how the two men can work together. >>> a lot of hopefuls in 42 states have less than an hour to get in on the record paul ball jackpot. injuries dreaming of the potential pay off. $550 million. that's more than half a billion dollars. now the odds of correctly matching the numbers are 1/175 million. california does not participate in the power ball lot
. >> reporter: also on the hill today with one laugh of the bipartisan team that offered a deficit reduction plan in 2010. >> i'm hopeful but don't put me down anywhere near in optimistic category. >> reporter: >> every week, he spends campaigning for his ideas is a week that we're not solving the problem. it's completely counterproductive. >> reporter: treasury secretary will be on the capitol hill. president obama travels to philadelphia friday to push for an...
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Nov 29, 2012
11/12
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KNTV
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plan to capitol hill today. >> i'm very open to a fair and balanced approach to reduce our defic deficit. >> reporter: republicans want to know does that approach include the government spending less money. >> we put revenue on the table as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats, executives from big companies heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in negotiation like this and everybody was purporting to be where they are, i would say that an agreement is reachable. >> i'm hopeful but i wouldn't put me anywhere near optimistic. >> reporter: one conservative republican is suggesting while negotiations continue on whether the wealthy should pay more, congress should stop tax rates from going up on the middle class now. >> we're not going to raise taxes on those people and i think we ought to go ahead and make that abundantly clear to anybody and take them out of the negotiation. >> reporter: bottom line, no de
plan to capitol hill today. >> i'm very open to a fair and balanced approach to reduce our defic deficit. >> reporter: republicans want to know does that approach include the government spending less money. >> we put revenue on the table as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats, executives from big companies heard the plan wednesday at the white house. at least...
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Nov 23, 2012
11/12
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KTVU
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the mission bears come back from a 14-0 deficit. when number 4 dives in for a touchdown, bears take a lead. the quarterback finds number 3, his big 60-yard play. sets up the touchdown plunge. 23 seconds left. mustangs score. that is it. from the mr. go to guy. they win the city section championship 22-21 over the mission bears. san jose bull dogs brought their undefeated record into the big bone game today at the san jose city college. san jose high, a ball just -- just sitting there. somebody pick it up. finally cruz. watch him down the field. across the field. 60 yards. down to the 5-yard line. lions beat the bull dogs 55-13. both schools finish with 9-1 records. dallas cowboys are the most recent believers in the new star power of rg3. washington spent thanksgiving in dallas today and robert griffin iii adds more big plays to his resume. a 60-yard touchdown. robert griffin iii completes 20- 28 passes. 4 touchdowns and a pick. washington scores 28 points in the 2nd quarter. this is rg3's pass to pierre garcon for another 59-yard s
the mission bears come back from a 14-0 deficit. when number 4 dives in for a touchdown, bears take a lead. the quarterback finds number 3, his big 60-yard play. sets up the touchdown plunge. 23 seconds left. mustangs score. that is it. from the mr. go to guy. they win the city section championship 22-21 over the mission bears. san jose bull dogs brought their undefeated record into the big bone game today at the san jose city college. san jose high, a ball just -- just sitting there. somebody...
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Nov 23, 2012
11/12
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FBC
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his deficit over four years is $1 trillion every single year and that is because that $800 billion stimulus which was supposed to be a 1-shot deal has become repetitive. >> what makes matters worse is the president and these people in washington, all 535 of them inside a certain institution, they don't understand that 60% of the income in the private business world comes from folks making over $200,000 all of whom run private businesses and holes that the vessel partnerships and they get taxed at their effective personal right. people don't understand how wide this is going to be. dave: above all else what bothers me is the name. economic patriotism is the name the president used. these are called patriotic -- the idea you can send a son to work, you can pay 50% of your income in taxes and if you don't agree with taxing the rich you are unpatriotic. that -- [talking over each other] >> it is belittling and pejorative, who pay money into the system, if you pay money into the system you have skin in the game. huge portions who pay no taxes whatsoever and have no skin in the game. i don't care
his deficit over four years is $1 trillion every single year and that is because that $800 billion stimulus which was supposed to be a 1-shot deal has become repetitive. >> what makes matters worse is the president and these people in washington, all 535 of them inside a certain institution, they don't understand that 60% of the income in the private business world comes from folks making over $200,000 all of whom run private businesses and holes that the vessel partnerships and they get...
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Nov 23, 2012
11/12
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KPIX
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defending champion, a 14-0 deficit. 21-14 late in the game, but lincoln comes back to score the two-point conversion by tyree. 22-21! >> we worked hard from the beginning. all we did, all the fighting, we were torn. and it's great to happen! >> i'm very proud of this team. we've been through ups and downs, injuries all year. i love my team! >> last week, we said, hey, we're gonna eat some turkey. we're gonna be champions. >> who would have won? we would have never did it! >> right. all right. nfl, 49er business. quarterback alex smith practiced today. he reportedly has been medically cleared to play, but the team is denying it. so is it colin kaepernick at center in new orleans? jim harbaugh speaks tomorrow afternoon at niner headquarters. >>> hey, did you hear? it's thanksgiving! right place, right time, in the woodside high school. runs it back for a touchdown. he scored six in the last two games. 49-19. they get the best of the jets. >>> college basketball, cal up. richard solomon. no foul called. he gets teed up. moments later, mike montgomery gets up. bears trailed by as much as eigh
defending champion, a 14-0 deficit. 21-14 late in the game, but lincoln comes back to score the two-point conversion by tyree. 22-21! >> we worked hard from the beginning. all we did, all the fighting, we were torn. and it's great to happen! >> i'm very proud of this team. we've been through ups and downs, injuries all year. i love my team! >> last week, we said, hey, we're gonna eat some turkey. we're gonna be champions. >> who would have won? we would have never did...
SFGTV: San Francisco Government Television
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Nov 21, 2012
11/12
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SFGTV
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budget control act which threatened automatic spending cuts if congress failed to come up with a planned deficit reduction by 2013. these cuts are what we refer to as sequestration. this would mean an across the board cut of between 7% and 10% of all defense and non-defense federal spending irrespective of policy or its impact on everyday people. these cuts would be absolutely devastating to our national and local economies. our -- show that sequestration will reduce federal funding direct to san francisco by at least 26.5 million dollars a year, every single year. we would see over $5 million of cut to education, and almost $3 million of cuts from public housing. san francisco's allocation of medicare would be cut by $2 million. funding for the wic workforce program would lose almost $5 million. there would be a $1 million cut to housing services for people with hiv and aids and more than $1 million cut to the community development block grant program. ladies and gentlemen, this is our safety net. and our safety net's already strained by years of state cuts and it cannot sustain these additiona
budget control act which threatened automatic spending cuts if congress failed to come up with a planned deficit reduction by 2013. these cuts are what we refer to as sequestration. this would mean an across the board cut of between 7% and 10% of all defense and non-defense federal spending irrespective of policy or its impact on everyday people. these cuts would be absolutely devastating to our national and local economies. our -- show that sequestration will reduce federal funding direct to...
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Nov 27, 2012
11/12
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KPIX
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eye 353
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there's no question i believe the severity of our deficits and the future problems ahead of us are going to have to be addressed bay combination of revenue increase -- >> the question is larry, are they listening and are they prepared to make compromises that they were not prepared before? >> i think so. >> why do you think so? >> i think maybe it's the openness of the dialogue. in august of 2011 when we had this problem, you did not hear any ceo speak up. you did not hear a public discord about this. i actually believe the militancy of the ceos today is a very different phenomenon. maybe the timing is different. maybe the atmosphere is different. everybody is speaking out. one ceo may have a different opinion than another one. but the fact is an open dialogue, and an open dialogue is a democratic process. >> do you think the president should appoint a businessman or maybe even a republican person who supported romney and the secretary of treasury to send a message? >> i think we're going to live in a very volat >>> and this morn >>> and this morning there's one more reason to look at th
there's no question i believe the severity of our deficits and the future problems ahead of us are going to have to be addressed bay combination of revenue increase -- >> the question is larry, are they listening and are they prepared to make compromises that they were not prepared before? >> i think so. >> why do you think so? >> i think maybe it's the openness of the dialogue. in august of 2011 when we had this problem, you did not hear any ceo speak up. you did not...
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Nov 29, 2012
11/12
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KNTV
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eye 112
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to capitol hill today. >> i'm open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know if it includes the government spending less money. >> we put revenue on the table as long as it's accompanied by serious cuts. >> reporter: white house leaders are meeting with boehner and top republicans. at least one analyst thinks there could be a deal here. >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> i'm hopeful but don't put me down anywhere near optimistic. >> reporter: one conservative republican is now suggesting while negotiations continue on whether the wealthy should pay more, congress should stop tax rates from going up on the middle class now. >> we're not going to raise taxes on those people. i think we ought to go ahead and make that abundantly clear to everybody and take them out of the negotiations. >> reporter: bottom line, no deal yet. both sides are still talking. and both sides signaling that they're willing to give up something to get
to capitol hill today. >> i'm open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know if it includes the government spending less money. >> we put revenue on the table as long as it's accompanied by serious cuts. >> reporter: white house leaders are meeting with boehner and top republicans. at least one analyst thinks there could be a deal here. >> if i were involved in a negotiation like this and everybody was purporting...
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Nov 26, 2012
11/12
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it doesn't add to the deficit. when it comes to medicare and medicaid, protect the program. >> reporter: distance from a deal still evident although the gap between lawmakers is closing. just this morning, the white house released a new report detailing the impact of lawmakers if they don't reach a deal. that report is consumers will spend $200 billion less next year. that could affect any economic recovery. reporting in washington, danielle leigh, nbc news. >>> it is cyber monday. we asked scott mcgrew to take a look at the deals you might find online. >> good morning. amazon has a 55" panasonic on sale. this is a favorite of mine. it is roku. i recommend it. it brings netflix and hulu to your television. there are several web sites offering a deal on fisher price toys. half off in certain cases. toys r us or amazon. the term cyber monday, that is old fashioned. it dates way back to the early 2000s, when the only way anyone could get online was to do so from work. so the first day back to work after black friday b
it doesn't add to the deficit. when it comes to medicare and medicaid, protect the program. >> reporter: distance from a deal still evident although the gap between lawmakers is closing. just this morning, the white house released a new report detailing the impact of lawmakers if they don't reach a deal. that report is consumers will spend $200 billion less next year. that could affect any economic recovery. reporting in washington, danielle leigh, nbc news. >>> it is cyber...
SFGTV: San Francisco Government Television
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Nov 24, 2012
11/12
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so there will be deficits that we'll be facing, in the coming years. we talked about the mandated cost block[u&,9- getting some additional dollars from that. and then the budget projections were bleak. they continue to be bleak. so once again, we're not -- we're still in a position where we'll be cutting and modifying and adjusting for next year. giving. >> who's first? commissioner wynns. >> commissioner wynns: i just mandated cost block grant be distributed to all the board members and hopefully at some time in the future we could have a discussion about that, because how this is going to work, this is another new change to the funding structure. it would be good for us all to know before we do the budget next year, to understand that better, i think. thank you. >> can i just encourage, if you haven't received this, mr. lee, all of the board members we asked for your input on what you'd like to hear. coming up we'd like to do our budget committee earlier rather than later knowing there are additional cuts we have to focus on and to set our priorities
so there will be deficits that we'll be facing, in the coming years. we talked about the mandated cost block[u&,9- getting some additional dollars from that. and then the budget projections were bleak. they continue to be bleak. so once again, we're not -- we're still in a position where we'll be cutting and modifying and adjusting for next year. giving. >> who's first? commissioner wynns. >> commissioner wynns: i just mandated cost block grant be distributed to all the board...
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Nov 27, 2012
11/12
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not to reduce the deficit. if the goal was to reduce the deficit, why refuse to end taxpayer subsidies for the oil companies? if reducing the deficit was the purpose, why refuse to and special breaks for corporate jets and the folks at the very high end of the income scale? that was not the plan. the plan was to use this moment to threaten the economy, to try and slash the social safety net and those critical investments in education, innovation, and our future. guess what? they failed to do that. they failed to end the medicare guaranteed. they failed to slash medicaid, education. in this measure, we succeeded in protecting medicare and social security beneficiaries. we succeeded in protecting seniors in nursing homes, individuals with disabilities, and poor kids who depend on medicaid for their health care. we succeeded in providing room for critical investments in education and america's future. do not get the wrong, mr. speaker. there is much in this plan i do not like. we did not succeed in shutting down s
not to reduce the deficit. if the goal was to reduce the deficit, why refuse to end taxpayer subsidies for the oil companies? if reducing the deficit was the purpose, why refuse to and special breaks for corporate jets and the folks at the very high end of the income scale? that was not the plan. the plan was to use this moment to threaten the economy, to try and slash the social safety net and those critical investments in education, innovation, and our future. guess what? they failed to do...
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Nov 24, 2012
11/12
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KGO
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they lost by a senseless >> you may have heard the united states postal service has money problems a deficit forcing closures and cut backs in service. abc 7 news found out, one of the local post offices on that list is a gem, a throw back to mostly to the woman who runs it. >> if you look, you might see yourself in this time lapse. relax if you can. destination is beyond the freeway, past orinda, taking a route throughout the redwoods to replace urban world does not penetrate. a community identify bid its post office. here it is. the one known for hardly ever having a line. >> so this is most of the timeq÷ it's empty? >> do you get lonely? >> no. >> this should be the last word to scribe describe here. it is in canyon, serving about is 94 residents nchl a community with no door to door deliveries... everybody picks up mail here. you know all of the names? >> yes. i do. >> all addresses? >> yes. doi. >> all family history? >> yes. yes. >> all of stuff you're not supposed to know. >> some i wish i didn't know. >> you know everything about everybody. >> i pretty much do. >> what she does not
they lost by a senseless >> you may have heard the united states postal service has money problems a deficit forcing closures and cut backs in service. abc 7 news found out, one of the local post offices on that list is a gem, a throw back to mostly to the woman who runs it. >> if you look, you might see yourself in this time lapse. relax if you can. destination is beyond the freeway, past orinda, taking a route throughout the redwoods to replace urban world does not penetrate. a...
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Nov 26, 2012
11/12
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. >> social security set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program. >> reporter: distance from a deal still evident, even amid signs the gap between lawmakers is closing. lawmakers say they'll not only get a deal done before the year is out, they may have a compromise before christmas. i'm danielle leigh, nbc news. >>> meanwhile that fiscal cliff is making investors wary this morning. for a look at how futures are trading, we turn things over to kate at cnbc headquarters. kay kayla, good morning. >> reporter: good morning to you. much optimism was over the strength of retail sales and black friday. investors will be keeping an eye on the geopolitical tensions in the middle east and that ongoing fiscal cliff and the talks continuing in washington. we get economic reports this week on durable goods, consumer confidence and new and pending home sales. the dow 172 points friday to 13,009. the nasdaq up 40 to 2966. >>> you can now add seven swans, six geese and five gold rings to
. >> social security set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program. >> reporter: distance from a deal still evident, even amid signs the gap between lawmakers is closing. lawmakers say they'll not only get a deal done before the year is out, they may have a compromise before christmas. i'm danielle leigh, nbc news. >>> meanwhile that fiscal cliff is making investors wary this morning. for a look at how...
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Nov 29, 2012
11/12
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KPIX
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congress must reach a compromise on the deficit reduction plan by the end of the year. otherwise, tax hikes will automatically kick in. >>> talk about a power lunch. president obama and mitt romney, who will dine at the white house together tomorrow afternoon. this will be the first time they have met since their final debate. the meeting will be private. no aids and no media. >>> armed with guns and sledgehammers, the daring bay area jewelry heist that took 75 seconds to pull off. >>> well, that and $7 will get you a cup of coffee. what's so special about starbucks' new brew? >>> a $580 million jackpot is up for grabs tonight. now california wants in on the action. how soon,,,,,,,,,,,,,, every time someone chooses finish over cascade, it sparks a movement. look ! no ugly spots ! and see that shine ! you've got to try finish. because once they try finish, they can't keep it to themselves. i'm switching for good. wow ! awesome ! finish is seriously good. cannot believe how great it works. incredible shine. i won't use anything else. love, love, love finish ! so far over
congress must reach a compromise on the deficit reduction plan by the end of the year. otherwise, tax hikes will automatically kick in. >>> talk about a power lunch. president obama and mitt romney, who will dine at the white house together tomorrow afternoon. this will be the first time they have met since their final debate. the meeting will be private. no aids and no media. >>> armed with guns and sledgehammers, the daring bay area jewelry heist that took 75 seconds to pull...
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Nov 24, 2012
11/12
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. >>> another step back to closing california's budget deficit. the steal of the state's first pollution permits brought in much less money than expected. the governor and lawmakers projected three auctions would raise $1 billion. but now analysts project it will only bring the state around $216 million. the governor's january budget could reflect the lower projections. >>> illegal marijuana growers appear to be growing green. investigators say growers around the country are turning to solar power to remain off the grid and avoid deduction. police in new mexico said it's a growing crime and have busted many illegal marijuana operations that use solar panels. authorities in california say they're patrolling the wine country for solar panel thefts. they believe they're being used to grow pot. >>> in the sierra, this year's black friday turned out to be fairly white. here is a look at conditions on the roads and on the slopes. >> reporter: these snowmen were hanging out in mud and grass, and the skiers and snowboarders were headed higher up. >> it's
. >>> another step back to closing california's budget deficit. the steal of the state's first pollution permits brought in much less money than expected. the governor and lawmakers projected three auctions would raise $1 billion. but now analysts project it will only bring the state around $216 million. the governor's january budget could reflect the lower projections. >>> illegal marijuana growers appear to be growing green. investigators say growers around the country are...
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Nov 27, 2012
11/12
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. >> i don't care if you raised taxes 100% on the wealthy, you're not going to fix the deficit problem. >> the president has made clear that he will not sign a bill that extends the bush era tax cuts for those make mortgage than $250,000. >> billionaire warren buffett, an obama ally today wrote an editorial in "the new york times," calling for a higher minimum tax for the wealthy. >>> a shake-up in the middle east in politics today as an israeli moderate resigns. israeli defense minister ehud barack abruptly quit politics today, saying he'll only finish out his term. the obama administration had embraced him as a moderate influence on benjamin netanyahu's hard-line policies. meanwhile, a leader of hamas is warning that a fragile ceasefire in gaza could flare back into violence if negotiators don't come to agreement quickly. negotiations have to proceed through egyptian messagers because israel and the united states consider hamas a terrorist organization. >>> still ahead here at 5:00, it's a distinction that universities don't want. the bay area school, though, near the top of this dub
. >> i don't care if you raised taxes 100% on the wealthy, you're not going to fix the deficit problem. >> the president has made clear that he will not sign a bill that extends the bush era tax cuts for those make mortgage than $250,000. >> billionaire warren buffett, an obama ally today wrote an editorial in "the new york times," calling for a higher minimum tax for the wealthy. >>> a shake-up in the middle east in politics today as an israeli moderate...
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Nov 29, 2012
11/12
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KPIX
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congress must reach a compromise on the deficit reduction plan by the end of the year. otherwise, tax hikes will automatically kick in. >>> talk about a power lunch. president obama and mitt romney, who will dine at the white house together tomorrow afternoon. this will be the first time they have met since their final debate. the meeting will be private. no aids and no media. >>> armed with guns and sledgehammers, the daring bay area jewelry heist that took 75 seconds to pull off. >>> well, that and $7 will get you a cup of coffee. what's so special about starbucks' new brew? >>> a $580 million jackpot is up for grabs tonight. now california wants in on the action. how soon until you can play powerball? ,, sledgehammers, hit a bay ara jewelry store. it happened in los gatos. c5 reporter kiet >>> they were in and out in a flash. two thieves waving guns and sledgehammers hit a bay area jewelry store. it happened in los gatos. kiet do shows us just how quickly they struck. >> reporter: for employees at this fine jeweler's, the surveillance video captured the longest 75 se
congress must reach a compromise on the deficit reduction plan by the end of the year. otherwise, tax hikes will automatically kick in. >>> talk about a power lunch. president obama and mitt romney, who will dine at the white house together tomorrow afternoon. this will be the first time they have met since their final debate. the meeting will be private. no aids and no media. >>> armed with guns and sledgehammers, the daring bay area jewelry heist that took 75 seconds to pull...
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Nov 27, 2012
11/12
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KGO
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will consider doing away with mortgage interest deduction or limit it as they try to reduce budget deficit, housing industry is expected to fight back. finally the -- [ inaudible ] you know how much grandma wanted to be here for your fist christmas? you see grandma lives waaaay down here, and you live way up here. brian, your cousin, he's a little bit older than you, he lives here, in chicago. and your aunt lisa lives here, in baltimore. uncle earnie? waaay out in hawaii. but don't you worry, we will always be together for christmas. [ male announcer ] being together is the best part of the holidays and cheerios is happy to be part of the family. you just ate dallas! >>> good tuesday morning. cloudy skies downtown, 53° in the city, embarcadero looking dry today, maybe a few sprinkles along the coast strong cold front will move onshore early tomorrow wind advisory posted for the bay area and we're tacking about heavy rain and very gusty -- we're talking about heavy rain and very gusty winds wednesday. tuesday looks quiet. >>> as the holiday shopping season ramps up encouraging news for dri
will consider doing away with mortgage interest deduction or limit it as they try to reduce budget deficit, housing industry is expected to fight back. finally the -- [ inaudible ] you know how much grandma wanted to be here for your fist christmas? you see grandma lives waaaay down here, and you live way up here. brian, your cousin, he's a little bit older than you, he lives here, in chicago. and your aunt lisa lives here, in baltimore. uncle earnie? waaay out in hawaii. but don't you worry,...
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Nov 29, 2012
11/12
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CSPAN2
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without adding a dime to the deficit, by the way. in fact, if done right, tax reform will increase revenues by spurring growth, job creation and therefore bigger tax receipts. tax reform is both a fiscal and competitive necessity for our country. it has been more than 25 years since we substantially reformed the tax code. twice as long, about 50 years since we did a bottom-up review of our international tax laws. the world has changed a lot in that time period and yet america has not kept up. the underlying assumptions in our tax code are frankly out of step with the complexities of today's global economy. this is especially evident in our corporate tax code. on the domestic side of our corporate tax code, the u.s. has become the highest tax rate country among all the developed countries in the world. so canada just lowered their rate from 16.5% to 15%. our rate is 39.2% when you combine the state and federal burden. federal burden 35%. state burden closer to 5%, 6%. so right now, the average among all the developed countries in the
without adding a dime to the deficit, by the way. in fact, if done right, tax reform will increase revenues by spurring growth, job creation and therefore bigger tax receipts. tax reform is both a fiscal and competitive necessity for our country. it has been more than 25 years since we substantially reformed the tax code. twice as long, about 50 years since we did a bottom-up review of our international tax laws. the world has changed a lot in that time period and yet america has not kept up....